HOBOKEN, N.J., Oct. 30, 2024 -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, is pleased to announce significant progress as it approaches the final commissioning of its quantum photonic chip foundry, set to open in Q1 2025. In September, QCi launched a pilot program aimed at securing sales orders from early adopters for its thin film lithium niobate (TFLN) foundry services and establishing a unified ecosystem for producing high-performance and energy efficient photonic integrated circuits (PICs) and nanophotonic devices.
Led by Drs. Pouya Dianat and Milan Begliarbekov, QCi has made substantial strides in driving commercial activities for its products and PIC foundry services. These ongoing activities have led to the Company's engagement in contract and technical negotiations with several key partners and customers across North America, Europe, and Asia, with expectations to finalize multiple orders for QCi's TFLN electro-optical modulator chips by the end of the year.
In line with its long-term goals for strategic collaboration in PIC design, manufacturing, testing, and packaging, QCi has executed two memorandums of understanding (MOUs) with prominent partners. The first MOU has been established with Spark
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